Keyera (TSE:KEY) Price Target Raised to C$44.00 at BMO Capital Markets

Keyera (TSE:KEY - Get Free Report) had its price objective raised by equities research analysts at BMO Capital Markets from C$41.00 to C$44.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets' price objective points to a potential downside of 2.46% from the stock's previous close.

Several other research analysts have also recently weighed in on KEY. ATB Capital upped their price objective on shares of Keyera from C$36.00 to C$39.00 in a research report on Wednesday, July 24th. Citigroup increased their price target on shares of Keyera from C$40.00 to C$46.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Raymond James set a C$47.00 price objective on shares of Keyera and gave the stock an "outperform" rating in a report on Friday, October 11th. Royal Bank of Canada increased their target price on Keyera from C$44.00 to C$45.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group lifted their price target on Keyera from C$43.00 to C$47.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Keyera currently has an average rating of "Moderate Buy" and a consensus price target of C$42.25.

Keyera Price Performance

Keyera stock traded up C$0.64 during midday trading on Friday, hitting C$45.11. 925,900 shares of the company's stock were exchanged, compared to its average volume of 992,260. The stock has a 50-day moving average price of C$42.78 and a two-hundred day moving average price of C$39.39. Keyera has a 52-week low of C$31.16 and a 52-week high of C$45.51. The company has a market cap of C$10.34 billion, a P/E ratio of 30.28, a PEG ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.